Paraguayan National and National Congressman Carlitos Antonio Rejala Helman is expected to table Bitcoin (BTC) legislation next month.
Since the beginning of June, Helman gave hints related to Bitcoin and PayPal until he confirmed himself through a tweet today.
This is Paraguay 🇵🇾 July we legislate! #Bitcoin https://t.co/4e4wH7uDrl
- Carlitos Rejala 🙏🇵🇾🙌 (@carlitosrejala) June 17, 2021
At the same time, one of the largest entertainment companies in the country, Grupo Cinco also plans to accept cryptocurrency as a payment medium for the services it offers.
Reportedly they will accept Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB) and Chiliz (CHZ).
Grupo Cinco will also help another 24 firms including any industries that are active at night such as drive-by restaurants to receive the currency.
As expected El Salvador’s decision produced a domino effect for other countries to consider Bitcoin (BTC) as a currency.
Last week Tanzanian president Samia Suluhu Hassan had sternly warned the central bank to start a study on cryptocurrencies.
"The central bank needs to be prepared for change and not get caught up in a state of unpreparedness."
